Russian lawmakers advance a bill to make illegal crypto mining a criminal offense: unregistered mining machines and mining facilities without authorization would face criminal liability. Regulation is tightening, and the message is very clear. Historically, when similar bills pass, BTC hash rate often relocates, and short-term selling pressure tends to be significant.
Take a look at Binance’s real-time price: BTC is currently at 77,154, down 1.6% over the past 24 hours. If this bill truly takes effect, miners could be cleared out, and the sell-off could push the price below 76,000. Strategically, chasing a short isn’t worth it—better to stand by and decide the direction after the bill’s second reading.
MOVE is currently at 0.0085, up 3.7% over the past 24 hours. It doesn’t have much to do with the regulatory news; the capital is moving independently. In general, this kind of news-driven market move lasts only a pulse for a day or two—don’t let the headline set your pace. #BTC
Take a look at Binance’s real-time price: BTC is currently at 77,154, down 1.6% over the past 24 hours. If this bill truly takes effect, miners could be cleared out, and the sell-off could push the price below 76,000. Strategically, chasing a short isn’t worth it—better to stand by and decide the direction after the bill’s second reading.
MOVE is currently at 0.0085, up 3.7% over the past 24 hours. It doesn’t have much to do with the regulatory news; the capital is moving independently. In general, this kind of news-driven market move lasts only a pulse for a day or two—don’t let the headline set your pace. #BTC